The health reform sought by President Barack Obama has revolutionized the insurance landscape in the United States. To what extent does Obamacare concern French expatriates, and how can you be sure of complying with the law?
What is Obamacare?
The Obamacare, or under its official name the “Patient Protection and Affordable Care Act”, is a law intended to improve the health coverage of Americans. Entered into force on January 1, 2014, it obliges .American citizens to obtain basic health insurance when they did not already have one.Under penalty of a financial penalty in the event of non-compliance with this obligation.
The Obamacare aims to make health insurance universal across the Atlantic, and particularly. Targets the 50 million Americans who still had no coverage and did not benefit from Medicare and Medicaid solidarity devices.
To comply, an American citizen must take out health insurance offering a basic basket of care in ten main areas. Including hospitalization, maternity, ambulatory services, rehabilitation, prescription drugs and pediatrics.
The minimum level of protection is offered by insurances labeled “bronze” (60% of expenses covered), but the law has also provided for higher levels for policyholders who wish: “silver”, “gold” and finally “platinium ”(up to 90% of expenses covered).
Who Does The Reform Apply To?
Obamacare is primarily intended for American citizens who have not yet been provided with satisfactory health coverage by their employer, or who have not funded this protection on their own.
Those who already had insufficient health coverage were invited to change it before the deadline of March 31, 2014. Americans with low resources, finally, benefited from financial assistance to comply.
Many cases of exemption exist however for the Amerindians. The prisoners, the illegal immigrants or the members of a religious sect which would be opposed to any principle of insurance, like for example the Samaritan community.
What fine do we risk?
The fine for non-compliance with Obamacare increases each year and becomes more and more dissuasive. In 2016, it amounted to $ 695 per person or 2.5% of your annual income. After subtracting the minimum tax threshold (currently $ 10,150 for a single person). Please note: the higher of these two amounts will be retained!
What About Expatriates?
As for expatriates, Obamacare concerns holders of a green card and, in general, all “permanent residents” present in the territory for more than twelve months. In the event of a subscription default, they are therefore theoretically liable to the same sanctions as an American citizen.
Can good international insurance for expatriates replace American insurance labeled “Obamacare”? The question has not received any definitive answer from the American administration and therefore remains a source of insecurity for foreign nationals who have to settle in the United States for an extended stay. This is not a point of detail since expatriate insurance is very often
Choose An Expatriates Insurance Compatible With Obamacare.
A specialized international insurer like Allianz Travel is today able to offer you a tailor-made and 100% Obamacare approved formula. From “Basic” to “Premium”, the Optimum Health pack covers healthcare costs across the Atlantic up to an annual ceiling of between € 200,000 and € 400,000. Medical and emergency hospital expenses can be reimbursed up to € 150,000 in addition to your primary health insurance plan.
In addition to the health aspect, do not forget that expatriate insurance has the advantage of covering you for many other risks with in particular. An option of individual accident insurance, damage to luggage or of course the possibility of taking out a civil liability insurance at.
The Obamacare law is above all intended to be more protective for Americans but is not without implication for expatriate workers. Check your personal situation carefully, otherwise you will have to pay a significant fine!